Chubb PeopleSure Corporate Travel Insurance · PDF file 2018-08-19 · Chubb...

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Transcript of Chubb PeopleSure Corporate Travel Insurance · PDF file 2018-08-19 · Chubb...

  • 1 Accident & Health

    Chubb PeopleSure Corporate Travel Insurance Product Disclosure Statement (PDS) and Policy Wording

  • Chubb PeopleSure Corporate Travel Insurance Product Disclosure Statement and Policy Wording, Australia. Published 11/2017 ©2017 Chubb Insurance Australia Limited. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb.

    Contents

    PeopleSure Corporate Travel Insurance Product Disclosure Statement (PDS) 04

    PeopleSure Corporate Travel Insurance Policy Wording 11

    Section 1 – Personal Accident & Sickness 15

    Section 2 – Overseas Medical & Evacuation 23

    Section 3 – Chubb Assistance 25

    Section 4 – Loss of Deposits, Cancellation & Curtailment 27

    Section 5 – Luggage, Money & Portable Electronic Equipment 29

    Section 6 – Rental Vehicle Excess 31

    Section 7 – Missed Transport Connection & Overbooked Flights 33

    Section 8 – Personal Liability & Identity Theft 34

    Section 9 – Alternative Employee or Resumption of Assignment 36

    Section 10 – Kidnap, Ransom, Extortion, Hijack & Detention 37

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    Chubb PeopleSure Corporate Travel Insurance Product Disclosure Statement and Policy Wording, Australia. Published 11/2017 ©2017 Chubb Insurance Australia Limited. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb.

    Section 11 – Extra Territorial Workers Compensation 40

    Section 12 – Political Unrest & Natural Disaster Evacuation 42

    Corporate Protection Benefi ts 47

    General Conditions & Provisions Applicable to this Policy 48

    General Exclusions Applicable to this Policy 50

    How to Make a Claim 51

  • Chubb PeopleSure Corporate Travel Insurance Product Disclosure Statement and Policy Wording

    Chubb PeopleSure Corporate Travel Insurance Product Disclosure Statement and Policy Wording, Australia. Published 11/2017 ©2017 Chubb Insurance Australia Limited. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb. 4

    PeopleSure Corporate Travel Insurance Product Disclosure Statement (PDS)

    About Our Corporate Travel Insurance

    Insurer The policy is underwritten and issued by Chubb Insurance Australia Limited ABN: 23 001 642 020 AFSL: 239687 (Chubb also referred to as us, we or our).

    Please read the Product Disclosure Statement (PDS) and the policy carefully and do not hesitate to contact us should you wish to comment on any aspect of our service to you.

    What is the Product Disclosure Statement?

    The policy is underwritten and issued by Chubb. The PDS provides general information only, and should be read in conjunction with the attached policy wording and any endorsements attaching to it. The PDS and policy contain important information that you should read carefully before deciding to take out any insurance cover.

    Paragraph Headings

    The paragraph headings used throughout this PDS, the policy wording, and the policy schedule are intended for reference purposes only and do not inform policy interpretation.

  • 5 Chubb PeopleSure Corporate Travel Insurance Product Disclosure Statement and Policy Wording, Australia. Published 11/2017 ©2017 Chubb Insurance Australia Limited. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb.

    Policy Terms and Conditions

    The information contained in the PDS is general information only and does not form part of your contract with us. The policy is our legal contract with you and contains the terms, conditions and exclusions relating to the insurance cover to be provided by us.

    The PDS and the policy, which includes the policy schedule, are important documents, so please check them carefully for the coverage they provide and retain them safely for future reference. Certain types of cover under this insurance require you or an insured person to provide documentary evidence to us where a claim is made (e.g. medical certifi cates, proof of earnings). You should also keep those documents in a safe place in case we need them to settle a claim.

    Should you require any further information about this or any other product, please contact your authorised fi nancial services provider.

    Updating Our PDS

    We may need to update the information contained in our PDS from time to time (where allowed or required by law). We will issue you with a new PDS or a Supplementary PDS when this happens.

    Group Insurance Policies

    If you are a corporation or any type of group, association or organisation obtaining this policy for the benefi t of your members or employees, you must ensure that a copy of this PDS and the policy is provided to each member or employee in your organisation.

    If new members or employees join your organisation you must ensure they are provided with this PDS and the policy when they join.

    Signifi cant Risks and Benefi ts of the Corporate Travel Insurance Policy

    This document has been prepared to assist you in understanding the Corporate Travel Insurance provided by this policy and to help you make an informed choice about it. You must decide what cover you need, so please read this PDS, the policy which includes the policy schedule, the Table of Events and the Benefi t Amounts, and any other documents that we tell you form part of your policy, carefully. You should be aware of what the policy covers, the limits on cover and the exclusions from cover. There are also conditions of cover with which you must comply; if you do not, we may not have to pay any claim you make.

    We may be prohibited by law from providing cover where:

    • trade or economic sanctions or other laws or regulations apply to us, our parent company or its ultimate controlling entity; or

    • an insured person is eligible for benefi ts under Medicare or private health insurance laws or regulations in Australia including the Health Insurance Act 1973 (Cth) National Health Act 1953 (Cth), Private Health Insurance Act 2007 (Cth) and Private Health Insurance (Health Insurance Business) Rules 2010 or any successor legislation. Accordingly, you and all insured persons should check their eligibility for cover under this Corporate Travel Insurance policy. They may need to submit claims to Medicare and arrange private health insurance.

    Some of the signifi cant benefi ts of the Corporate Travel Insurance policy include:

    • cover is available for persons up to eighty-fi ve (85) years of age;

    • Personal Accident and Sickness benefi ts including: - – Accidental Death and Disablement - – Weekly Injury Benefi t - – Weekly Sickness Benefi t - – Fractured Bones - – Injury Resulting in Surgery

    undertaken outside Australia - – Sickness Resulting in Surgery

    undertaken outside Australia • a range of Lifestyle Protection Benefi ts

    and Corporate Protection Benefi ts as stated in the policy.

    Journey Cover

    The cover provided by this policy will only apply during the period of insurance stated in the policy schedule, as limited by the Journey Description stated in the policy schedule.

    Policy Excesses

    If you or an insured person makes a claim under the policy you may be required to pay an excess. This is the amount you must fi rst contribute towards each claim.

    For example, if an insured person has cover provided under Section 1, Part G – Injury Resulting in Loss or Damage to Teeth of the policy and makes a claim for loss of teeth in the amount of one thousand dollars ($1,000) and an excess of fi fty dollars ($50) applies, then the insured person will be asked to pay fi fty dollars ($50) towards their loss and we will pay nine hundred and fi fty dollars ($950).

  • Chubb PeopleSure Corporate Travel Insurance Product Disclosure Statement and Policy Wording

    Chubb PeopleSure Corporate Travel Insurance Product Disclosure Statement and Policy Wording, Australia. Published 11/2017 ©2017 Chubb Insurance Australia Limited. Chubb®, its logos, and Chubb.Insured.SM are protected trademarks of Chubb. 6

    Premium

    All cover is subject to payment of premium. In calculating the premium for the policy we take into account a range of factors including but not limited to:

    • the amount and nature of travel to be undertaken;

    • occupation and previous insurance history; and

    • the limits, excesses and/or annual aggregates chosen.

    The premium varies depending on the information you give us in relation to the risks to be covered by us. We decide the amount of premium on the basis of our experience and the factors that increase our risk.

    The premium also includes amounts that take into account our obligation to pay any relevant compulsory government charges, taxes or levies (e.g. stamp duty) in relation to your policy. These amounts will be set out separately in the policy schedule as part of the total premium payable.

    If a claim is made on the policy and the premium is outstanding, we may deduct any outstanding premium from the claim payment. This will not remove or absolve you from the obligation to pay us any remaining